Digital Banking Fraud Analyst
MDMS Recruiting LLCMorristown, NJ
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Overview
Remote
On-site
Job Description
9 month contract role for a bank fraud analyst. Hybrid (onsite 4 days a week / 1 day remote) role based in Morristown, NJ.This role is not open to subcontracting. W2 OnlyDigital Banking Fraud AnalystResponsibilities:
- Review and analyze activity flagged by the bank's fraud monitoring systems in a timely matter, to determine if further investigation or action is necessary.
- Gather and analyze reports, records, and information from internal and external sources, including online information and bank records, to facilitate investigations.
- Utilize multiple technologies and sound judgement to examine account activity and detect potentially fraudulent activity.
- Make recommendations for exiting customer accounts/relationships based upon the detection and investigation of fraudulent activity.
- Email correspondence regarding suspect transactions to appropriate stakeholders and conduct appropriate follow-up.
- Correspond with internal and external entities regarding customers, accounts, and transactions to validate relevant information.
- Engage with other financial institutions and fraud units to confirm fraud, identify common suspects, and emerging trends.
- Prepare Suspicious Activity Reports in compliance with applicable internal procedures and federal regulations.
- Monitor the payment or return of transaction items based upon analysis and decisioning received from the branches.
- Identify and analyze current trends to develop preventative strategies.
- Create and maintain digital records and files.
- Prepare reports and enter cases into the internal case management system.
- Analyze, plan, and complete special projects assigned by CFIS management.
- Knowledge of multiple forms of fraud, financial crimes, scams, and schemes, beyond AML.
- Knowledge of banking industry laws and regulations to include the BSA, The USA Patriot Act, U.S. Treasury AML guidelines, OFAC requirements and Suspicious Activity Reporting requirements.
- Confident with technology, possessing computer skills involving multiple applications and an excellent aptitude for quickly gaining a functional knowledge of new technology.
- Experience detecting financial fraud via digital platforms, including using monitoring systems such as Compass, Client Analytics, or other systems.
- Enhanced skills in the use of Microsoft Word, Excel, Access, PowerPoint, Outlook and experience with on-line research and web-based investigations.
- Able to synthesize multiple technologies and use sound judgement to examine account activity and detect potentially fraudulent activity.
- Strong time management skills with the ability to prioritize - organize assignments in a fast-paced environment.
- Ability to maintain attention to detail and accuracy under pressure and within critical time limits.
- Excellent verbal and written communication skills.
- Strong analytical, organizational, and research skills.
- Positive, motivated, goal oriented, and capable of handling emergency and crisis situations.
- Team oriented and able to work independently.
- Demonstrate professional demeanor and teamwork.
- Committed to continuous improvement toward excellence.
- High School Diploma or GED and a minimum of 3 years of banking experience including detecting financial fraud via real time digital platforms using monitoring systems such as Compass, Client Analytics, or other systems.
- Bachelor's Degree preferred.
- Banking, Fraud, Financial Crimes, and/or Anti-Money Laundering Professional Certification(s) preferred.
- 1-3 yrs of Digital Banking Fraud Analyst experience.
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FAQs About Digital Banking Fraud Analyst Jobs at MDMS Recruiting LLC
What is the work location for this position at MDMS Recruiting LLC?
This job at MDMS Recruiting LLC is located in Morristown, NJ, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at MDMS Recruiting LLC?
Employer has not shared pay details for this role.
What employment applies to this position at MDMS Recruiting LLC?
The employer has not provided this information. This may be discussed during the hiring process.
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